MB-920 Describe Dynamics 365 Finance Practice Question
Which THREE elements are required when setting up budget control in Dynamics 365 Finance?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Budget interval
The three required elements for setting up budget control in Dynamics 365 Finance are budget intervals, budget thresholds, and budget control rules. Budget intervals define the time period for budget control, budget thresholds set tolerance levels for overspending, and budget control rules specify the conditions and actions for enforcing budget control. Option B (budget plan template) is incorrect because budget plan templates are used for budget planning and not for budget control. Option D (reporting currency) is incorrect because reporting currency is an optional configuration and not a mandatory element for budget control.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Budget interval
Why this is correct
Budget interval defines the period for budget control.
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Budget plan template
Why it's wrong here
Budget plan templates are for planning, not control.
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Budget threshold
Why this is correct
Budget threshold defines warning levels.
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Reporting currency
Why it's wrong here
Reporting currency is optional and not required for budget control.
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Budget control rule
Why this is correct
Budget control rules define which documents to check.
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